President John Doleva announced Wednesday that since moving into the $45 million dollar facility in 2002, the organization has cultivated a number of assets that, from a commercial standpoint, make sense to pitch to companies for sponsorship.

Doleva told CBS-3 reporters that naming rights may be up for grabs for games and events the facility hosts as well as the museum itself.

The concept of a museum seeking financial sponsorship is not new or limited to Springfield.

On Monday in Miami, it was revealed that a $35 million donation from a married couple whose life is defined by science and philanthropy would help build a new facility for the Miami Science Museum and carry their names in recognition of the generosity.

(Photo by Christopher Evans-The Republican)John Doleva, president of the Naismith Memorial Basketball Hall of Fame, is seen outside the basketball shrine on Wednesday, May 18, 2005.

Doleva said Hall of Fame officials are still in the early stages of seeking sponsorship but will be pitching the idea to several hundred companies over the coming months until a perfect match is found.